Tag: Kuwait

Military Actuators Market Size Worth $1.7 Billion By 2027

The global military actuators market size is expected to reach USD 1.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2020 to 2027. The development of advanced weapons, increasing demand for electric and electromagnetic actuators from the aerospace and defense industry, and the rise in homeland security concerns are some of the major factors driving the market.

Military actuators play a crucial role in the military and defense sector. They are used in motion control to monitor velocity and speed. The use of actuators in the military and defense industries helps to reduce energy consumption. The actuators are installed to enhance the fighting capabilities, which is expected to favor the market growth over the period of time.

Increasing demand for commercial and military aircraft propels the demand for military actuators. The rise in demand for protection applications in marine and aircraft is contributing to market growth. In addition, technological advancement and innovation in ballistic protection are favoring market growth.

The market can be segmented based on components, system, type, and application. The components include cylinders, servo valves, drives, manifolds, and others. Servo valves hold a significant share in the market owing to their use in various applications. Cylinders are projected to witness significant growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/military-actuators-market

Further key findings from the report suggest:

  • The cylinders’ component segment is projected to expand at a significant CAGR of 5.5% from 2020 to 2027. Servo valves are used in various military applications, and thus are projected to gain a significant share in the market in the years to come
  • The hydraulic actuators system segment held the largest share of 24.5% in 2019. However, electrical actuators are projected to replace the hydraulic actuators over the forecast period
  • The linear actuators type segment is expected to expand at a CAGR of 5.6% from 2020 to 2027 on account of its high demand in the armored vehicles in land forces
  • North America dominated the market with a share of 33.7% in 2019 on account of rising investments in military and defense, rapid technological development, and increasing homeland security concerns
  • The major manufacturers emphasize on innovation through extensive R&D for the production of advanced actuators for use in armored vehicles and military equipment.

Kaolin Market Size Worth $6.28 Billion By 2027

The global kaolin market size is expected to reach USD 6.28 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% from 2020 to 2027. The increasing popularity of high-grade kaolin within the cosmetics industry is anticipated to propel the growth of the market space over the forecast period.

The use of kaolin in the cosmetics industry has witnessed steady growth over the last few years. As per cosmetics industry experts, the absorbent properties exhibited by kaolin proved to be a key factor in the wide adoption of the product within this application segment. In addition, increasing consumer awareness pertaining to the use of natural ingredients, especially in cosmetic creams and lotions, propelled the adoption of kaolin in the global cosmetics market space.

The emergence of COVID-19 in the first quarter of FY 2020 has directly impacted the construction activities. The slowdown in the construction sector is projected to indirectly influence the dynamics of the global market space. The imposition of lockdown by many countries around the globe have stalled construction activities and caused a severe economic impact. The kaolin expansion projects initiated by market vendors at the start of 2019 have been stalled due to the scarcity caused by the emergence of COVID-19.

Despite the current downturn in economic conditions, the futuristic opportunities for marketspace look lucrative with larger demand coming from ceramics application. An increase in ceramics production is anticipated to positively influence the apparent consumption of the product over the forecast period. Wider adoption of ceramics, especially in décor and interior design, is likely to boost its prospects over the predicted timeline.

Most of the players in the market are focused on devising strategies to limit economic exposure caused due to the breakout of the pandemic and the subsequent slowdown in the demand for the product from key application segments. The market participants are inclined towards maintaining positive liquidity in order to sustain themselves during these unprecedented times.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/kaolin-market

Further key findings from the report suggest:

  • The paper application segment led the market and held over 37.0% share of the global revenue in 2019 owing to increasing demand for paper boards from the packaging industry
  • The ceramics application segment is projected to expand at a CAGR of 4.9% in terms of revenue over the forecast period owing to increasing production of ceramic tiles to meet the growing demand from the construction industry, especially in the U.S., China, and India
  • The cosmetics application segment accounted for a volume share of 1.1% in 2019 and is expected to emerge as one of the fast-growing segments in terms of volume over the forecast period. The growth is attributed to increasing consumer disposable income, along with the rising demand for skincare products
  • Asia Pacific is anticipated to expand at the fastest CAGR in terms of volume as well as revenue over the forecast period, owing to the wide adoption of kaolin within the regional supply chain of the ceramics manufacturing marketspace
  • Europe is expected to register a CAGR of 2.3% in terms of volume over the forecast period. The economic disaster triggered by the breakout of the pandemic is likely to restrain the market growth in the region.

Electrical Vehicle Insulation Market Size Worth $5.4 Billion By 2027

The global electric vehicle insulation market size is expected to reach USD 5.4 billion by 2027 registering a CAGR of 19.5%, according to a new report by Grand View Research Inc. Growing regulatory support for the adoption of EVs and the implementation of strict vehicular emission norms are expected to drive the market growth.

The rise in demand for environmentally sustainable and green vehicles is expected to have a positive impact on product demand. Product applications to control and maintain the battery pack coupled with reducing the vehicular noise and vibrations of the EVs are expected to drive the market growth over the forecast period.

Growing regulatory support in the form of rebates and subsidies for encouraging the use of EVs in the European Union is expected to have a positive impact on market growth. Furthermore, the growing emphasis on reducing the vehicular pollution in China is projected to augment the product demand over the forecast period.

The market is largely dominated by major corporations with high integration throughout the value chain. The market is highly price-sensitive and price wars among companies are common. The market is moving towards consolidation, with large firms taking over the overseas factories to expand in regions with high growth potential.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-insulation-market

Further key findings from the study suggest:

  • In China, the demand is expected to grow at an of CAGR 17.4% over the forecast period on account of rising adoption of EVs in the country
  • In 2019, the revenue for Under the Hood & Battery Pack application segment in the North America region stood at USD 96.3 million owing to wide-ranging product utilization for insulating a variety of vehicle components, such as battery packs and electric motor
  • In Europe, the market is anticipated to reach USD 782.9 million by 2027 due to the rising adoption of EVs as a result of strong regulatory support
  • In the Asia Pacific, the foamed plastics material segment is expected to register a CAGR of 21.7% over the forecast owing to superior impact resistance and dielectric properties
  • Manufacturers are focusing on product portfolio expansion and R&D for the development of newer hybrid and lightweight materials with improved durability and insulation properties

Natural Gas Fired Electricity Generation Market Demand To Reach 70,500.0 MW By 2027

The global natural gas fired electricity generation market demand is expected to reach 70,500.0 MW by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.71% from 2020 to 2027. Rising government support, growing energy demand across the world, and a rise in natural gas production are various factors boosting industry growth.

Worldwide power demand is rapidly growing owing to strong economic growth in some of the major countries globally. Furthermore, the growth was powered by countries, such as the U.S., China, Japan, and India, which account for a dominating share in the world’s energy demand. Countries are looking to opt for natural gas as a power generation source over coal owing to fewer carbon emissions being emitted by natural gas.

Industry participants are entering into various strategic collaborations with the governments of some of the countries to aid them to renovate and modernize the power sector of the respective countries. Furthermore, vendors are utilizing joint ventures and mergers and acquisitions in order to develop advanced technologies and expand their foothold across various regional markets.

However, the production of natural gas is concentrated in a few countries, which results in the risk of gas supply disruptions owing to geopolitical tensions, eventually affecting trade and supply of natural gas. Furthermore, the rise in adoption of renewable energy technologies is estimated to hamper the growth of the market in the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/natural-gas-fired-electricity-generation-industry

Further key findings from the study suggest:

  • Combined cycle technology emerged as the dominating segment in 2019 and is expected to maintain its lead over the forecast period owing to its higher overall efficiency and lower fuel requirement as compared to open cycle technology
  • Power and utility emerged as the largest end-use segment in 2019 owing to a number of natural gas fired electricity generation power plants under pipeline to fulfill the growing demand from power in their region of operation
  • North America held a significant revenue share in the market in 2019 owing to the rise in production and availability of natural gas in the region
  • The Asia Pacific is expected to expand at the fastest growth rate over the forecast period. China, Japan, and Thailand are expected to contribute significantly to the growth of the market in the region
  • The Middle East and Africa is expected to witness significant growth in the forecast period owing to a number of natural gas fired electricity generation power projects under the development stage in countries, such as Saudi Arabia, Iraq, and UAE.

Anti-corrosion Coatings Market Size Worth $38.6 Billion By 2027

The global anti-corrosion coatings market size is anticipated to reach USD 38.6 billion by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.6% over the forecast period. Rising demand for anti-corrosion coatings in industries, such as oil & gas, building & construction, and marine, is expected to drive the market over the forecast period. The primary purpose of the anti-corrosion coating is to protect the metal substrates from environmental exposures, such as humidity, moisture, and oxidation.

These coatings act as a barrier to prevent the interaction between the corrosive materials, compounds, chemicals from the metal surfaces. In addition, these coatings enhance the surface finish of the metallic components. The rising demand for sustainable and durable metallic products, especially in the oil & gas and building & construction industries, is expected to drive the product demand over the forecast period. The Asia Pacific is anticipated to be the largest regional market over the forecast period.

This is owing to various factors, such as government initiatives like Make in India, construction of a silk route project connecting Xian, China to Trieste, Italy through both road and marine transportation. In addition, various companies in clean energy production and aerospace are planning to establish manufacturing facilities in India post COVID-19 pandemic, which will support market growth. With the rising number of building & construction projects in North America, particularly in the U.S., demand for electric automotive, and R&D investments for developing advanced, environmentally-friendly anti-corrosion coatings will boost the market growth in North America.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market

Further key findings from the report suggest:

  • The global market was valued at USD 27.2 million in 2019 and is estimated to register a CAGR of 4.6% from 2020 to 2027
  • The marine application segment is expected to witness the fastest CAGR of 5.3% over the forecast period in terms of revenue
  • The high CAGR is attributed to the rising spending on navy defense infrastructure across developed and developing countries and rising cross border trade through marine transportation
  • The oil & gas application segment accounted for the largest share of over 36% in 2019 and will retain the dominant position throughout the forecast years
  • This is credited to rising product demand in the oil & gas sector due to the presence of Sulphur in the crude oil, which causes corrosion in pipelines, vessels, and containers
  • The Asia Pacific accounted for the maximum market share of over 36% in 2019. India, in particular, is estimated to witness the fastest CAGR 5.8% from 2020 to 2027

Smart Bathroom Market Worth $6.69 Billion By 2027

The global smart bathroom market size is anticipated to reach USD 6.69 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.5% from 2020 to 2027. Rising evolution of IoT owing to high internet penetration across countries and regions in developing a wider application of digital technology into various bathroom fittings and fixtures, thereby growing popularity of smart bathrooms. In addition, rising penetration of smart homes across regions is paving the way for smart bathrooms in these smart households.

Increasing smart home penetration across the developed nations of America and Europe is positively impacting the demand for the devices. According to the European Commission, Europe Smart Home revenue is expected to represent USD 19 billion by 2021 with the help of its massive markets in the U.K. and Germany. Additionally, the surge in home furnishing and fittings is expected to positively impact the growth of the market. According to the Leading Indicator of Remodeling Activity (LIRA), home improvement spending rose at 6% annually in 2019. Moreover, significant investment in lifestyle-enhancing projects compared to traditional necessary maintenance is seen rising among homeowners.

Moreover, rising adoption of water-saving plumbing fixtures, which offer sustainable and eco-friendly features in remodeling or construction projects, is helping increase market penetration. The flow rate set by the national standards of the U.S. Energy Policy Act, 1992 set by the federal government for plumbing fixtures has led to water conservation and sustainability. This act also provides rebates to consumers who have replaced plumbing with low-flow alternatives. Thus, the rising need for low flow plumbing fixtures is expected to increase the inclination towards intelligent or smart bathroom fixtures.

In terms of product, the smart toilet held a dominant position in the market in 2019. High-tech or smart toilets are widely being used among households and commercial properties owing to various features incorporated in the fixture, such as hands-free flushing, heated seats, motion-activated seats, and built-in night lights.

The commercial application segment emerged as the largest application segment with a revenue-based share of 61.2% in 2019. According to a report published by TOPHOTELCONSTRUCTION, in 2018, Brazil had witnessed significant hotel construction in the country, thereby representing about 50% of the Central and South America’s construction pipeline. As of 2019, there were about 329 hotels with 57,735 rooms under construction, and new projects were scheduled to start construction in the next 12 months, which will include 207 hotels and 34,712 rooms, wherein 181 hotels with 31,357 rooms are in their early planning stage.

North America dominated the market with a revenue-based share of 40.2% in 2019. An increasing number of commercial buildings in the region owing to the growth of the tourism industry is expected to boost the demand for smart bathrooms.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-bathrooms-market

Further key findings from the report suggest:

  • The smart toilet product segment is expected to witness the fastest growth from 2020 to 2027
  • The commercial application segment was valued at USD 1.84 billion in 2019
  • Asia Pacific is expected to witness the highest growth over the forecast period with a revenue-based CAGR of 11.5% from 2020 to 2027.

Organic Liquid Soap Market Size Worth $117.5 Million By 2027

The global organic liquid soaps market size is anticipated to reach USD 117.5 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% from 2020 to 2027. Demand for the product is driven by rising consumer awareness regarding the harmful effects of soaps manufactured using synthetic ingredients. At a macro level, increasing product availability across all distribution channels continues to capture consumer interest worldwide.

Despite its organic halo, consumers prefer organic liquid soaps due to their beneficial properties, including anti-bacterial properties and soothing fragrances. These products are available in a wide variety of packaging options, such as glass/plastic bottles and spouted pouches. Prominent brands worldwide continue to opt for spouted pouches owing to its convenience of use. In the near term, brands are likely to employ sustainable packaging materials due to rising global concerns regarding the production and consumption of plastic-based packaging products.

Organic liquid soaps have been posing a significant threat to conventional bathing bars over the years. At a broad level, advancements in innovative dispenser systems are likely to create a healthy demand for the product in the foreseeable future. In addition, prominent industry players have been launching innovative products with customizable soap bases to attract a varied set of consumers. Such factors are expected to fuel the product demand in the near term.

North America emerged as the largest market for organic liquid soaps in 2019. This region is forecast to retain its pole position throughout the forecast timeframe, given the rising popularity of liquid-based hygiene products among an expanding consumer base. The U.S. is anticipated to remain the most prominent market within North America throughout the forecast period. The presence of stringent regulations regarding personal hygiene, most notably in the healthcare sector, is expected to strengthen the market position of North America in the foreseeable future.

The market is characterized by intense competitive rivalry, with both domestic and internationally-renowned players sharing the market space. In the coming years, market participants are likely to focus on offering customized products to their customers to remain competitive.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/organic-liquid-soaps-market

Further key findings from the study suggest:

  • In terms of application, the household segment accounted for 61.8% share of the overall revenue in 2019
  • North America held the largest share of 31.5% in 2019 owing to the increasing popularity of liquid-based hygiene products among consumers
  • Product innovation emerged as the key strategy deployed by the majority of market players to stay abreast of the competition.

Golf Gloves Market Size Worth $396.8 Million By 2027

The global golf gloves market size is anticipated to reach USD 396.8 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.13% from 2020 to 2027. At a macro level, the rising popularity of golf as a sport is contributing significantly to the demand for golf gloves worldwide. In 2018, approximately 4.2 million baby boomers played golf, which is an increase from 3.6 million in 2017. It was also observed that about 15.0% of newcomers in 2018 were older than 50, which was the most significant percentage in the last ten years. The participation of young adults stood at 6.1 million that year.

In terms of product, individual golf gloves emerged as the largest segment in 2019. With the sport increasingly embracing a passion for individuality, individual golf gloves have evolved to become a fashionable accessory. In the near term, numerous companies are expected to capitalize on this growing trend. Individual golf gloves are principally made using leather and are available in a wide variety of colors and sizes.

The promotional golf gloves segment is likely to expand at the fastest CAGR over the forecast period owing to the rising demand for premium gloves. As these gloves are intended for promotional purposes, they are relatively more expensive than the individual and institutional variants. They feature customized logos and are available in a wide range of color options and artwork. To get a sizable discount, prominent brands typically purchase these gloves in bulk. In recent years, several manufacturers of promotional golf gloves have been focusing on making these products more affordable to target a variety of consumers worldwide.

Asia Pacific is anticipated to emerge as the most lucrative regional market in the foreseeable future. Though the coronavirus outbreak has been creating massive supply chain disruptions in the Asia Pacific markets, rapidly evolving quarantine lifestyles within the region are likely to encourage more individuals to participate in golf in the near term. While the COVID-19 pandemic led to the closure of most golf courses worldwide, social distancing measures helped keep golf courses in Australia to remain open during the first quarter of 2020, with the only exception of clubs in Queensland.

The industry is highly competitive when it comes to product variation and pricing. Prominent market participants are focusing on employing lighter materials to manufacture golf gloves, given the rising popularity of breathable materials among consumers worldwide.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/golf-gloves-market

Further key findings from the report suggest:

  • In terms of product, the individual golf gloves segment accounted for over 52.0% share of the overall revenue in 2019
  • North America held the largest share of over 57.0% in 2019
  • Product innovation emerged as the key strategy deployed by the majority of market players to stay abreast of the competition.

Conveying Equipment Market Worth $76.8 Billion By 2027

The global conveying equipment market size is expected to reach USD 76.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.9% over the forecast period. The growth of this market can be attributed to the rising demand for highly efficient material handling systems in food & beverage, automotive, and warehouse and distribution industries.

Production Line and Machines in Water Bottling Factory

Conveying equipment is used as a goods carrier application in numerous industries including food and beverage, mining, automotive, airports, and electronics, among others. Conveyors can be designed to handle material of any shape and size. The major benefit offered by conveying equipment comprises low cost, higher productivity, and increased operational efficiency.

The demand for warehouses is rising owing to the significant growth of e-commerce, supermarkets, and online retailers, which, in turn, projected to have a positive impact on the market over the forecast period. Furthermore, the expansion of airports and the development of new airports especially in the Asia Pacific and North America projected to drive the market during the forecast period.

The global conveying market is highly competitive in nature. Key players are adopting various strategies including technological developments, merger & acquisitions, partnership, and capacity expansion in order to gain competitive advantage. For instance, in April 2019, Daifuku Co., Ltd. acquired India-based Vega Conveyors and Automation Private Limited.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/conveying-equipment-market

Further key findings from the study suggest:

  • Belt conveyor segment dominated the market and accounted for 24.3% of the total demand in 2019 owing to increasing demand from numerous industries, including food & beverage, airport, mining, and e-commerce
  • The unit handling product segment is anticipated to advance at a CAGR of 3.1% over the forecast period owing to growing use in industries such as food & beverage processing, shipments, and manufacturing of automotive
  • Warehouse & distribution segment is anticipated to be the dominant end-use segment over the forecast period on account of significant growth of e-commerce, online retail, and supermarkets
  • Asia Pacific was the largest consumer of conveying equipment, accounting for over 30.6% of the total market revenue in 2019 owing to rising industrialization and infrastructural developments in emerging economies such as China, India, and South Korea
  • Presence of local players in the Asia Pacific region poses a substantial threat to the large multinational companies in terms of product quality and price offered to the customers

Medical Foam Market Size Worth $37.9 Billion By 2027

The global medical foam market size is anticipated to reach USD 37.9 billion by 2027, according to a report by Grand View Research, Inc., registering a CAGR of 7.5% over the forecast period. The rising product demand from the bedding & cushioning, medical devices, packaging, and a few other application segments are expected to propel market growth. Moreover, the need for better healthcare facilities coupled with a rising number of hospitals has boosted the product demand in medical devices application, which is anticipated to drive the market over the forecast period.

Medical foams are lightweight and have high flexibility, absorbency, and durability. Moreover, they offer excellent stain and fungal resistance and impact absorption. Due to these characteristics, medical foams are widely used in the healthcare sector in medical packaging, prosthetic padding, bedding and cushioning, wound dressing, medical aids, etc., which is also projected to drive the market.

Asia Pacific is expected to be the fastest-growing regional market owing to the increasing demand for high-quality medical devices and components from hospitals in major economies, such as China, India, and Singapore. Furthermore, the rising expenditure of various governments on public & private health systems and the growing geriatric population are fueling the demand for improved healthcare services and infrastructure, which, in turn, is expected to propel the product demand in the coming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/medical-foam-market

Further key findings from the report suggest:

  • The global market was valued at USD 21.4 billion in 2019 and is estimated to register a CAGR of 7.5% from 2020 to 2027
  • The market is expected to witness significant growth over the forecast period owing to rising product demand from medical packaging and medical device & components applications
  • North America is projected to be the largest regional market over the forecast period owing to the growing product demand from various application segments
  • Asia Pacific is projected to register the fastest growth rate from 2020 to 2027 owing to rising healthcare investments and growing product demand from medical packaging applications, in countries, such as India, China, and Japan